Cos 87 — Rectification by Central Government in Register of charges

Companies Act, 2013

Statutory text

[87. Rectification by Central Government in Register of charges.—The  Central Government on being satisfied that—
(a) the omission to give intimate to the Registrar of the payment or satisfaction of a charge, within the time required under this Chapter; or (b) the omission or misstatement of any particulars, in any filing previously made to the Registrar with respect to any charge or modification thereof or with respect to any memorandum of satisfaction or other entry made in pursuance of section 82 or section 83, was accidental or due to inadvertence or some other sufficient cause or it is not of a nature to prejudice the position  of  creditors  or  shareholders  of  the  company,  it  may,  on  the  application  of  the  company  or  any person interested and on such terms and conditions as it deems just and expedient, direct that the time for the giving of intimation of payment or satisfaction shall be extended or, as the case may require, that the omission or misstatement shall be rectified.]

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